Bitcoin is showing strong recovery momentum as price has already moved +$2,600 from recent lows. On the daily chart, BTC respected the ascending trendline and bounced perfectly from the support zone around $86K–$87K, confirming buyers are still active at lower levels.
Currently, price is consolidating near $89K, which is acting as a short-term decision area. If BTC holds above this support and volume increases, we could see a move toward the $92K–$94K resistance zone, followed by a potential retest of $96K–$98K supply area highlighted on the chart.
However, traders should also stay cautious ⚠️. A breakdown below the trendline may open the door for a deeper pullback toward the $83K–$82K demand zone, which remains a strong historical support.
📌 Key Levels to Watch:
Support: $86K → $83K
Resistance: $92K → $96K
Market structure suggests volatility ahead, so manage risk properly and wait for confirmation before entering trades.
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